Is Westlake Village, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Westlake Village has remained a Seller's Market.
Housing Prices in Westlake Village, CA
How much do homes in Westlake Village, CA cost?
Median Sold Price
$1,494,666
$634/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Westlake Village was $1,494,666 in March 2024, up 3.1% from last year, and the median price per square foot was $634.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $450K | $390K | -13.3% |
2 Bedrooms | $750K | $700K | -6.7% |
3 Bedrooms | $1.2M | $1.3M | +11.1% |
4 Bedrooms | $1.6M | $1.6M | 0.0% |
5+ Bedrooms | $2.3M | $2.2M | -4.8% |
Summary: Westlake Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Thousand Oaks | $1.0M | $1.0M | +4.6% |
Westlake Village | $1.4M | $1.4M | +3.1% |
Westlake Village | $1.3M | $1.3M | +2.9% |
Newbury Park | $944.9K | $967.2K | +2.4% |
Triunfo Pass-Point Mugu | $3.9M | $3.8M | -4.4% |
Housing Supply in Westlake Village, CA
How many homes are available in Westlake Village, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 104 | +15.6% |
Summary: The Westlake Village real estate market had 104 homes for sale in March 2024, a 15.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 13 | 18 | +38.5% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 41 | 43 | +4.9% |
5+ Bedrooms | 22 | 27 | +22.7% |
Summary: The Westlake Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 22.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 24 | +84.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Westlake Village in March 2024, up by 84.6% month-over-month. Of the 24 sold homes, 67% were sold under asking, 13% were sold at asking, and 21% were sold over asking.
Days on Market for Westlake Village, CA
How long does it take to sell a home in Westlake Village, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 38 Days | -18.6% |
Summary: Homes in Westlake Village had an average of 38 days on market in Mar 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Westlake Village; 54% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.